Beiqi Foton Motor Co Ltd

Foton Motor released its 2026 interim report, with total operating revenue of 33.668 billion yuan, up 10.86% year-on-year, and net profit attributable to the parent company of 905 million yuan, up 16.54% year-on-year. Net cash inflow from operating activities was 3.148 billion yuan, up 66.19% year-on-year. The company's asset-liability ratio was 73.80%, gross margin was 10.84%, ROE was 5.72%, and diluted earnings per share was 0.11 yuan. The number of shareholders was 115,700, and the top ten shareholders held 54.14% of total share capital.

Driven by stronger trade-in policies and surging export demand, China's heavy-duty truck industry delivered higher volumes and profits in the first half. Sinotruk's semi-annual report released on August 27 showed first-half revenue of 38.41 billion yuan, up 46.82% year on year, and net profit attributable to the parent of 973 million yuan, up 45.48%. For the industry as a whole, cumulative heavy-duty truck sales reached 660,900 units in the first half of 2026, up 22.59% year on year. New energy heavy truck sales exceeded 140,000 units, reaching 140,021 units, a surge of 76.6%, lifting market penetration to 33.7%, up 11.3 percentage points from a year earlier. Leading companies stood out: FAW Jiefang expects first-half net profit to rise by 1,273.64% to 1,528.02% year on year, while Foton Motor's heavy truck segment sales rose 35.3% and overseas exports grew 38.9%. Industry participants believe the heavy-duty truck sector is entering a structural recovery, supported by the release of replacement demand for aging vehicles, strong overseas exports, and accelerating breakthroughs in new energy penetration.

Foton Motor disclosed its production and sales data for July 2026. Total vehicle sales for the month reached 51,800 units, up 12.64% year-on-year, while production came in at 47,900 units, up 18.91% year-on-year. For the first seven months of 2026, cumulative sales amounted to 412,200 units, up 10.38% year-on-year, and cumulative production reached 407,400 units, up 7.22% year-on-year. By vehicle type, light-duty truck sales in July were 34,800 units, up 19.03% year-on-year, medium- and heavy-duty truck sales were 13,100 units, up 8.26% year-on-year, and large bus sales were 237 units, up 139.39% year-on-year. In the new energy vehicle segment, July sales hit 11,300 units, up 44.83% year-on-year, and cumulative sales for the first seven months reached 70,400 units, up 21.48% year-on-year. Engine product sales in July were 29,300 units, up 50.88% year-on-year, of which the joint venture Foton Cummins sold 18,700 engines during the month.

Foton Motor announced that its controlling shareholder, Beijing Automotive Group, plans to increase its stake in the company through the Shanghai Stock Exchange's centralized bidding system over the next six months, with the amount ranging from 50 million to 100 million yuan. In the first quarter of 2026, Foton Motor achieved revenue of 15.779 billion yuan and net profit attributable to the parent company of 501 million yuan.

Foton Motor announced that cumulative vehicle sales in the first half of 2026 reached 360,400 units, up 10.06 percent year-on-year. Sales in June alone were 58,300 units. Cumulative production over the same period reached 359,500 units, up 5.84 percent, with June production at 53,200 units. In the first quarter, the company achieved revenue of 15.779 billion yuan and net profit attributable to shareholders of 501 million yuan.

On the 3rd, the Shanghai Composite Index rebounded in mainland China trading, closing at 4043.64, up 14.74 points or 0.37 percent from the previous day. In addition to bargain hunting after the sharp decline, buying of consumer-related stocks that had been lagging lifted the market. Fading expectations for a US rate hike provided support from the external environment, and China's services Purchasing Managers' Index significantly exceeding market forecasts also invited buying. By sector, auto-related stocks were firm, with Sailun Tire up 5.2 percent, Yutong Bus up 5.1 percent, and Foton Motor up 4.7 percent. Shipbuilding also rose, with China State Shipbuilding Corporation up 8.1 percent and CSSC Defense up 6.1 percent. On the other hand, chemical stocks were sold, with Zhejiang Juhua down 10.0 percent, and non-ferrous and precious metals also declined, with Yunnan Precious Metals down 8.8 percent. The Shanghai B-share index ended at 274.28, up 3.44 points or 1.27 percent, while the Shenzhen B-share index finished at 1117.81, down 0.14 points or 0.01 percent.